Abu Dhabi-based funding agency MGX shall be tapping a US President Donald Trump-related stablecoin to settle its $2 billion funding into Binance, the world’s largest cryptocurrency alternate.
The World Liberty Monetary USD (USD1) US dollar-pegged stablecoin was launched by the Trump-linked World Liberty Monetary (WLFI) crypto platform in March 2025.
MGX will use the USD1 stablecoin for its $2 billion funding into Binance alternate, introduced Eric Trump, the son of the US president and the chief vp of the Trump Group, throughout a panel dialogue at Token 2049 Dubai.
MGX introduced its $2 billion stablecoin funding into Binance on March 12, marking the primary institutional funding within the alternate and doubtlessly the most important funding deal in the whole Web3 trade.
On the time, Binance declined Cointelegraph’s request to reveal what stablecoin was used within the transaction.
This marks the Abu Dhabi-based funding agency’s first enterprise into the cryptocurrency house.
Associated: Trump turned crypto from ‘oppressed trade’ to ‘centerpiece’ of US technique